The company’s adjusted earnings hit 3.2 billion dollars (£2.3 billion) over the first three months of 2021, up 13% on the year before and surpassing the 3.1 billion dollars (£2.2 billion) that analysts had forecast. https://t.co/XQ3ZNWevsY #ShellResults — Shell (@Shell) April 29, 2021Current cost of supply earnings attributable to shareholders rose 58% to 4.3 billion dollars (£3.1 billion) in the quarter. Income attributable to shareholders hit 5.7 billion dollars (£4.1 billion), compared with a loss of 24 million dollars (£17.3 million) last year. Shell is still some way off its 65 billion dollar (£25.2 billion) debt target, but managed to reduce net debt by four billion dollars (£2.9 billion) to 71.3 billion dollars (£53.3 billion). When it hits this target, Shell said it will increase the amount of money it distributes to shareholders.

Source: Irish Independent April 29, 2021 07:05 UTC